Thu, 18 Sep 2008
The regional administration of Sumba Barat Daya and Quantum Petroleum signed an agreement to invest $350 million in bio-ethanol industry in the regency, Asia Pulse reported.

The subsidiary of Australia's Quantum Group said it has completed studies of the area where it will grow cassava to supply feedstock of a bio-ethanol plant to be built in that area.

Quantum Petroleum Executive chairperson Ralph Michael told the newspaper Bisnis Indonesia his company will invest $100 million in 100,000 hectares of cassava plantations.



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